Jean-Michel GRANDMONT

Grade : Professeur Université Internationale Venise


Bureau: 2116
Timbre: J360
Lieu: (MK2)
Labo: LMA

Téléphone : 0141177804

Mail : grandmont[arrowbase]ensae.fr

ResearchJobsBooksJournal articlesTeachingOther

Research Interests

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Fields of interest
Economic Theory ; Microeconomic Foundations of Macroeconomics, Monetary Theory, Theory of Unemployment, Economic Dynamics ; Aggregation from Micro to Macro.
 
 
Main contributions
Introduction of Money into General Equilibrium Theory of Time and Expectation Formation in Equilibrium Theory (Theory of Temporary General Equilibrium) ; Contributions to Price Setting and Disequilibrium Theory, and its Relation to Macroeconomics and the Theory of Unemployment ; Distributions of Individual Characteristics and Aggregation through Majority Voting ; Contributions to the Theory of Indeterminacy, and Deterministic or Stochastic Endogenous Fluctuations, in particular through Bifurcations of Nonlinear Economic Dynamical Systems ; Analysis of Learning Dynamics and (non) Convergence to Rational Expectations ; Distributions of Heterogenous Individual Characteristics and Aggregate Macroeconomic Behaviour in Competitive or non Competitive Markets.

Biography

Jobs

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Current Position

· Research Director, Centre National de la Recherche Scientifique (CNRS, URA D2200) and Centre de Recherche en Economie et Statistique (CREST), 15 Boulevard Gabriel Péri, 92245 MALAKOFF Cedex, 1996-present.

· Professor Economics, Ecole Polytechnique, 1992-present ; Chair of Department of Economics, 1996-2000.

· Ingénieur Général au Corps des Ponts et Chaussées, 1995-present.

 
Past Positions

· CERMAP, Paris 1965-68 : Research Associate

· CNRS and CEPREMAP, Paris : Attaché de Recherches 1970-72, Chargé de Recherches, 1972-75, Maître de Recherches, 1975-87, Directeur de Recherches, 1987-96.

· Associate Professor Ecole Polytechnique, Paris, 1977-1992.

· Associate Professor Ecole Nationale de la Statistique et d’Administration Economique (ENSAE), Paris 1980-1986.

· Associate Professor Ecole des Hautes Etudes en Sciences Sociales (EHESS), Paris 1982-1986.

· CNRS : Director of URA 925, « Séminaire d’Econométrie », 1984-85. Director of Groupement Scientifique « Association pour le Développement de la Recherche en Economie et Statistique » (ADRES), 1986-89. Director of URA 928, « Recherches Fondamentales en Economie Mathématique », 1991-96.

· Visiting Research Associate : CORE, Catholic University of Louvain, 1972-73, 1996-97 ; Harvard University, 1975 ; Stanford University, 1975, 1976, 1983, 1984, 1986, 1987, 1988, 1989, 1992 ; London School of Economics, 1986-87.

· Visiting Professor : University of Bonn, 1975, 1978-79, 1992-93 ; University of Pennsylvania, Philadelphia, 1980, 1984 ; Ecole des Hautes Etudes Commerciales, Université de Lausanne 1982-83 ; M. I. T., 1984 ; UC San Diego, 1985 ; Yale University, 1987, 1989, 1990, 1991, 1994 ; University of Stockholm, 1988 ; University of Geneve, 1989.

Degrees

Ingénieur Ecole Polytechnique, Paris 1960-62.

Ingénieur Ecole Nationale des Ponts et Chaussées, Paris 1963-65.

Licence ès-Sciences, University of Paris 1961.

Ph. D., Economics, University of California Berkeley, 1971.

Editorships

Associate editor, Econometrica, 1976-83 ; Journal of Economic Theory, 1973-present, Journal of Mathematical Economics, 1973-85 ; Journal of Economic Dynamics and Control, 1994-present.

Editor of the field « Macroeconomic Theory » of the Fundamentals of Pure and Applied Economics and of the Encyclopedia of Economics, 1982-present.

Editor of the Econometric Society Monograph Series in Pure Theory, Cambridge University Press, 1984-1989.

Society Offices, Committee Memberships and Honours

Econometric Society : Fellow, 1974 ; Council, 1977-83, 1984-91 ; Executive Committee, 1984-91 ; Member Program Committee European Meetings, 1973, 1974, 1976, 1978, Chairman of, 1977 ; Chairman of the Fellows nominating committee, 1980 ; Vice President, 1988 ; President, 1990 ; Chairman of Vice President nominating committee, 1994 ; Invited Lecture World Congress, Toronto 1975 ; Walras Bowley Lecture, 1984.

European Economic Association : Member, 1986-present.

Association Française de Sciences Economiques : Member, 1987-present ; Council, 1992-present.

International Economic Association : Executive Committee, 1992-1999.

Clarendon lecturer, Oxford University, 1987.

Member Scientific Council of Fondation de France, 1984-1990.

American Economic Association, Honorary member, 1989-present.

Academia Europaea, Member, 1989-present.

Doct. (hon.) : University of Lausanne, 1990.

Alexander von Humboldt Research Award, 1992.

Foreign Honorary Member of the American Academy of Arts and Sciences, 1992-present.

Palmes académiques, French Ministry of Education, 1995.
 

Publications

Books

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· Money and Value, Econometric Society Monographs, Cambridge University Press, 1983. French version, Economica, 1986.

· Nonlinear Economic Dynamics (Ed.), Academic Press, 1987.

· Temporary Equilibrium. Selected Readings (Ed.), Academic Press, 1988.

Journal articles

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· « Programmation non linéaire et rendements croissants : application au transport de gaz naturel », CERMAP, 1966, with G. Gastaud.

· « Application du calcul économique au dépistage précoce du cancer du col de l’utérus », CERMAP, 1968, with F. Fabre.

· « On the Temporary Competitive Equilibrium », Ph.D. Dissertation, CRMS Working Paper 305, University of California, Berkeley, 1970.

· « Continuity Properties of a von Neumann-Morgenstern Utility », Journal of Economic Theory, 1972.

· « On the Short Run Equilibrium in a Monetary Economy », in J. Drèze (Ed.), Allocation under Uncertainty, Equilibrium and Optimality, McMillan, 1974.

· « A Technical Note on Classical Gains from Trade », Journal of International Economics, 1972, with D. McFadden.

· « On the Role of Money and the Existence of a Monetary Equilibrium », Review of Economic Studies, 1972, with Y. Younès.

· « On the Efficiency of a Monetary Equilibrium », Review of Economic Studies, 1973, with Y. Younès.

· « Sur la demande de monnaie de court terme et de long terme », Annales de l’INSEE, 1972. English version « On the Short Run and Long Run Demand for Money », European Economic Review, 1973.

· « Sur les taux d’intérêt en France », Revue Economique, 1973, with G. Neel.

· « Money in the Pure Consumption Loan Model », Journal of Economic Theory, 1973, with G. Laroque.

· « Foreign Exchange Markets : A Temporary General Equilibrium Approach », CORE DP, 1973, Catholic University of Louvain, with A.P. Kirman.

· « Monnaie et Banque Centrale », Annales de l’INSEE, 1973, with G. Laroque. English version, « On Money and Banking », Review of Economic Studies, 1975.

· « Stochastic Processes of Temporary Equilibria », Journal of Mathematical Economics, 1974, with W. Hildenbrand.

· « On the Liquidity Trap », Econometrica, 1976, with G. Laroque.

· « On Temporary Keynesian Equilibria », Review of Economic Studies, 1976, with G. Laroque.

· « Temporary General Equilibrium Theory », Econometrica, 1977. Invited Lecture at the World Congress of the Econometric Society, Toronto, 1975. Shorter version in M. Intriligator (Ed.), Frontiers of Quantitative Analysis, North Holland, 1977.

· « Théorie de l’équilibre temporaire », Revue Economique, 1976.

· « Equilibrium with Quantity Rationing and Recontracting », Journal of Economic Theory, 1978, with G. Laroque and Y. Younès.

· « The Logic of the Fix Price Method », Scandinavian Journal of Economics, 1977. Reprinted in S. Ström and L. Werin (Eds), Topics in Disequilibrium Economics, McMillan, 1978.

· « Intermediate Preferences and the Majority Rule », Econometrica, 1978. Reprinted in Aggregation and Revelation of Preferences, J. J. Laffont (Ed.), North Holland, 1979.

· « Classical and Keynesian Unemployment in the IS-LM Model », in Monetary Theory and Institutions, M. de Cecco and J. P. Fitoussi (Eds), McMillan, 1986. Spanish version in Analysis Economico, 1984, Mexico.

· « Temporary General Equilibrium Theory », in Arrow, K. And M. Intriligator (Eds), Handbook of Mathematical Economics, Vol. II, North Holland, 1982.

· « On Endogenous Competitive Business Cycles », Walras-Bowley Lecture at the North American Summer meetings of the Econometric Society, Stanford, 1984. Published in Econometrica, 1985.

· « On Endogenous Competitive Business Cycles » (summary) in H. Sonnenschein (Ed.), Models of Economic Dynamics, Springer-Verlag, 1986.

· « Cycles concurrentiels endogènes », Cahiers du Séminaire d’Econométrie, 1985.

· « Periodic and Aperiodic Behaviour in Discrete Onedimensional Dynamic Systems », in Contributions to Mathematical Economics, W. Hildenbrand and A. Mas-Colell (Eds), North Holland, 1986.

· « Distributions of Preferences and the Law of Demand », Econometrica, 1987.

· « Stabilizing Competitive Business Cycles », Journal of Economic Theory, 1986. Reprinted in Nonlinear Economic Dynamics, J. M. Grandmont (Ed.), Academic Press, 1987.

· « Stability of Cycles and Expectations », Journal of Economic Theory, 1986, with G. Laroque, Reprinted in Nonlinear Economic Dynamics, J. M. Grandmont (Ed.), Academic Press, 1987.

· « Nonlinear Difference Equations, Bifurcations and Chaos : An Introduction », CEPREMAP, June 1988, and Stanford Technical Reports, 1988.

· « Local Bifurcations and Stationary Sunspots », in W. A. Barnett, J. Geweke and K. Shell (Eds.), Economic Complexity : Chaos, Sunspots, Bubbles and Nonlinearity, Cambridge University Press, 1989.

· « Keynesian Issues and Economic Theory », Scandinavian Journal of Economics, June 1989.

· « Report on M. Allais’ Scientific Work », Scandinavian Journal of Economics, January 1989.

· « Stability, Expectations and Predetermined Variables », with G. Laroque, in P. Champsaur et alii (Eds), Essays in Honour of E. Malinvaud, Vol. I, MIT Press, 1990.

· « Temporary Equilibrium : Money, Expectations and Dynamics », in L. McKenzie and S. Zamagni (Eds.), Value and Capital. Fifty Years later, McMillan, 1991.

· « Economic Dynamics with Learning : Some Instability Examples », with G. Laroque, in Barnett, W., Cornet, B. et alii (Eds.), Equilibrium Theory and Applications, Cambridge University Press, 1991.

· « Expectations Driven Business Cycles », European Economic Review, April 1991.

· « Transformations of the Commodity Space, Behavioral Heterogeneity and the Aggregation Problem », Journal of Economic Theory, June 1992.

· « Aggregation, Learning and Rationality », Proceedings of the 1992 World Congress of the International Economic Association (Moscow), McMillan, 1996.

· « Expectations Driven Nonlinear Business Cycles », Proceedings of the German Academy of Sciences, Wesdeutscher Verlag 1993, and in FIEF Studies on Business Cycles, Oxford University Press, 1994. Shorter version in MITA Journal of Economics (Tokyo), 1994.

· « Behavioral Heterogeneity and Cournot Oligopoly Equilibrium », Ricerche Economiche, 1993.

· « Expectations Formation and Stability of Large Socioeconomic Systems », Econometrica, 1998.

·« Capital Labor Substitution and Nonlinear Endogenous Business Cycles » (joint with P. Pintus and R. De Vilder), Journal of Economic Theory, 1998.

. « Heterogenous Probabilities in Complete Asset Markets » (with L. Calvet ant I. Lemaire), Advances in Mathematical Economics, 1999 (Springer Verlag, S. Kusuoka and T. Maruyama, Eds). Japanese translation in Mita Journal of Economics, Tokyo, 1999.
 

Teaching

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Introduction à l'analyse Microéconomique , cours (Advanced Undergraduates) Ecole Polytechnique, Paris.

Money and Employment, cours (Advanced Undergraduates) Université de Venise, Italie.

Other

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RESUME COURT (SHORT VITA)
 
 
 
 

GRANDMONT Jean-Michel; Born : 1939, Toulouse, France.
Current Posts :
Senior Research Director, CNRS and CREST-INSEE, Paris ; Professor, Department of Economics, Ecole Polytechnique, Paris ; Ingénieur Général Corps des Ponts et Chaussées.
Past Posts :
Res. Ass., then Res. Dir., CNRS and CEPREMAP, Paris, 1970-96. Vis. Res. Ass., CORE, Louvain, 1972-73, 1996-97, Harvard Univ., 1975, Stanford Univ., 1975, 76, 83, 84, 86, 87, 88, 89, London Sch. Econ., 1986-87 ; Vis. Prof., Bonn Univ., 1975, 1978-79, 1992-93, Univ. Penn, 1980, 84, Univ. Lausanne, 1982-83, M.I.T., 1984, Univ. San Diego, 1985, Yale Univ., 1987, 89, 90, 91, 94, Stockholm Univ., 1988, Univ. Geneve, 1989, Univ. Venice, 1998.
Degrees :
Licence es Sciences, Univ. Paris, 1961 ; Ingénieur Ecole Polytechnique, 1962 ; Ingénieur Ponts et Chaussées, 1965 ; Ph. D. Econ. Univ. Calif. Berkeley, 1971.
Offices and Honours : Foreign member American Academy of Arts and Sciences, since 1992 ; Memb. Academia Europaea, since 1989 ; Econometric Society, President, 1990 ; Ph. D. (Hon.), Univ. Lausanne, 1990 ; Alexander von Humboldt Award, 1992 ; Ass. Ed. Em, JET, J. Math. E., JEDC.
Selected Publications : Books : 1. Money and Value (CUP, 1983), 2. Nonlinear Economic Dynamics (Ed.) (Ac. Press, 1987), 3. Temporary Equilibrium (Ed.) (Ac. Press, 1988). Articles : 1. « On Endogenous Competitive Business Cycles », Em, 1985 ; 2. « Transformations of the Commodity Space, Behavioral Heterogeneity and the Aggregation Problem », JET, 1992 ; 3. « Expectations Formation and Stability of Large Socioeconomic Systems », Em, 1998 ; 4. « Capital Labor Substitution and Nonlinear Endogenous Business Cycles » (with P. Pintus and R. De Vilder), JET, 1998.
Fields of Interest : Economic Theory ; Microeconomic Foundations of Macroeconomics, Monetary Theory, Theory of Unemployment, Economic Dynamics ; Aggregation from Micro to Macro.

"Le centre de la Recherche en Économie et Statistique ne peut être tenu responsable pénalement des infractions aux lois que pourrait contenir cette page personnelle qui est sous la responsabilité de son auteur."